Non-Life Marine Vessel SI

Overview

Article 130 prepares the vessel collision sum insured from the main loss components relevant to a marine collision event.^[1]

Input Terms

• Hull SI: Sum insured for vessel hull exposure under the Article 130 marine catastrophe basis.^[1]
• Liability SI: Sum insured for vessel liability exposure under the Article 130 marine catastrophe basis.^[1]
• Pollution SI: Sum insured for pollution exposure under the Article 130 marine catastrophe basis.^[1]

Technical Rationale

Article 130 treats vessel collision as a multi-component insured-value event because a single collision can combine hull, liability, and pollution losses. Keeping those components visible preserves the evidence behind the vessel exposure amount.